Earning Management and Firm Value: Evidence from the Family Firms
碩士 === 國立中正大學 === 會計與資訊科技研究所 === 104 === This paper is intended to investigate whether the relative association between the earnings management strategies and firm value differs between the family and non-family firms using a sample of U.S. listed firms. The emipical results indicate that accrual-b...
Main Authors: | , |
---|---|
Other Authors: | |
Format: | Others |
Language: | zh-TW |
Published: |
2016
|
Online Access: | http://ndltd.ncl.edu.tw/handle/16798012912070425871 |
id |
ndltd-TW-104CCU00736039 |
---|---|
record_format |
oai_dc |
spelling |
ndltd-TW-104CCU007360392017-05-07T04:26:35Z http://ndltd.ncl.edu.tw/handle/16798012912070425871 Earning Management and Firm Value: Evidence from the Family Firms 盈餘管理與企業價值之關聯性: 來自家族企業形態證據 CHOU, GUAN-LIANG 周冠良 碩士 國立中正大學 會計與資訊科技研究所 104 This paper is intended to investigate whether the relative association between the earnings management strategies and firm value differs between the family and non-family firms using a sample of U.S. listed firms. The emipical results indicate that accrual-based earnings management and real activities manipulation are endogenous and are partial substitutes for reaching the earnings targets, and that their magnitudes are determined simultaenously. Specifically, I find that managers tend to use the aforementioned earnings management tools to take a “big bath” and smoothing earnings. Moreover, this paper documents that discretionary accrulals (real activities manipulation) are positively (negatively) associated with firm value for both the family and non-family firms. The positive association betweeh accruals-based earnings management and firm value is more pronounced for the non-family firms relative to the family firms. On the other hand, the negative association between real activies manipulation and firm value is more severe for the non-family firms relative to their counterpart. These infereces are robust to alternative variable definitions and firm-year specifications. CHAO, CHIA-LING 曹嘉玲 2016 學位論文 ; thesis 96 zh-TW |
collection |
NDLTD |
language |
zh-TW |
format |
Others
|
sources |
NDLTD |
description |
碩士 === 國立中正大學 === 會計與資訊科技研究所 === 104 === This paper is intended to investigate whether the relative association between the earnings management strategies and firm value differs between the family and non-family firms using a sample of U.S. listed firms. The emipical results indicate that accrual-based earnings management and real activities manipulation are endogenous and are partial substitutes for reaching the earnings targets, and that their magnitudes are determined simultaenously. Specifically, I find that managers tend to use the aforementioned earnings management tools to take a “big bath” and smoothing earnings. Moreover, this paper documents that discretionary accrulals (real activities manipulation) are positively (negatively) associated with firm value for both the family and non-family firms. The positive association betweeh accruals-based earnings management and firm value is more pronounced for the non-family firms relative to the family firms. On the other hand, the negative association between real activies manipulation and firm value is more severe for the non-family firms relative to their counterpart. These infereces are robust to alternative variable definitions and firm-year specifications.
|
author2 |
CHAO, CHIA-LING |
author_facet |
CHAO, CHIA-LING CHOU, GUAN-LIANG 周冠良 |
author |
CHOU, GUAN-LIANG 周冠良 |
spellingShingle |
CHOU, GUAN-LIANG 周冠良 Earning Management and Firm Value: Evidence from the Family Firms |
author_sort |
CHOU, GUAN-LIANG |
title |
Earning Management and Firm Value: Evidence from the Family Firms |
title_short |
Earning Management and Firm Value: Evidence from the Family Firms |
title_full |
Earning Management and Firm Value: Evidence from the Family Firms |
title_fullStr |
Earning Management and Firm Value: Evidence from the Family Firms |
title_full_unstemmed |
Earning Management and Firm Value: Evidence from the Family Firms |
title_sort |
earning management and firm value: evidence from the family firms |
publishDate |
2016 |
url |
http://ndltd.ncl.edu.tw/handle/16798012912070425871 |
work_keys_str_mv |
AT chouguanliang earningmanagementandfirmvalueevidencefromthefamilyfirms AT zhōuguānliáng earningmanagementandfirmvalueevidencefromthefamilyfirms AT chouguanliang yíngyúguǎnlǐyǔqǐyèjiàzhízhīguānliánxìngláizìjiāzúqǐyèxíngtàizhèngjù AT zhōuguānliáng yíngyúguǎnlǐyǔqǐyèjiàzhízhīguānliánxìngláizìjiāzúqǐyèxíngtàizhèngjù |
_version_ |
1718447365154668544 |